Yen Versus Euro and Loonie October 21st

FX Strategy Video > Currency Pairs Analysis

EUR/JPY produced a hammer on Thursday, after forming a shooting star on Wednesday. This shows that the 105 level wants to hold as support, but we think a move on Friday is unlikely. The EUs meeting over the weekend will set the tone, and we don't think Friday will be very volatile, unless of course their is news throwing the weekend's results in doubt.

CAD/JPY looks very similar, and we expect it to behave much the same as the EUR/JPY. The range in the pair looks to be 75.50 and 77.50 at this time. Monday should see it moving though.

Published on 20th of October 2011
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